Reingruber Alert: Tactics to Drive Cash Flow Under COVID-19

4/8/2020 - By Claudia Reingruber, CPA, CHC

How to Sustain Your Focus on Billing and A/R Collection

Healthcare Providers and Current Billing and A/R Challenges

During this Public Health Emergency, many providers are experiencing higher costs, staffing challenges, and declining census
Medicare census has been hit especially hard
Medicaid Managed Care continues to present billing challenges
Reduced cash flow can result
Resolving older unpaid claims can help!

How Can Providers Keep Their Focus on Billing and Collection?

Organize and prioritize the A/R
Focus on the oldest claims and highest dollar amounts
Review timely filing guidelines to identify amounts in the billing window
Monitor shifts in A/R by payer and type to realign efforts if needed
Add to existing billing staff through cross-training
Supplement staff with outside expertise to address problematic claims!

Other Ways We Can Help Improve Cash Flow

Evaluate the option of Medicare Advance Payment
Understand and take advantage of Section 1135 waivers and flexibilities

Saltmarsh Offers Cost-Effective Solutions to Reduce A/R!

Let us work on aged accounts so you can stay on top of current claims
We can resolve issues with:

MSP, overlaps, and Medicare Advantage claims
Secondary and coinsurance billing
Assemble support for Medicare bad debts

You can use our assistance as needed - no advance commitment necessary
We can help improve collections and avoid unnecessary write-offs

QUESTIONS?

If you have questions about your particular circumstances, please contact our team or call (800) 477-7458.

Visit our COVID-19 RESOURCE HUB for ongoing updates and information. Due to the ever-changing nature of this event, you should always consult a professional.